“Everyone wants to tokenize everything, and there’s a massive pipeline of token supply that is coming to market. But without any demand for these assets, what is a token actually worth?” (interesting piece that however does not mention important crypto & token cultural principles such as hoarding, ponzi scheme patterns, pump & dump, early exit of founders after ICO etc.). https://medium.com/@Melt_Dem/drowning-in-tokens-184ccfa1641a

Nick Szabo: “”The tulip bubble” is a popular low-thought way for lazy critics to try to insult an asset they don’t understand whose price has gone up. They used the first negative cliche that came to their minds; they didn’t try to or couldn’t find a better comparison.”https://twitter.com/NickSzabo4

Quote: “In thinking about how to do that, people in tech prize “first principles,” a concept that suggests that historical awareness and traditional expertise can get in the way of breakthrough ideas. The tabula rasa is alluring not just for the lack of buildings, but also the absence of rules. Blockchain is the ideal embodiment of such a first principle: it technically can’t do what has been done before, e.g. with traditional databases. It forces the tabula rasa approach.en the BMI is at a ‘misery’ level, future returns are very good.”

“I went to a few blockchain events recently and asked people why they use blockchain when search-replacing “blockchain” with “database” in their pitch will still make perfect sense. Not one of them was able to articulate their reasons.” @MaxRovensky

Brett Scott on Twitter writing about Bancor: “I read the @Bancor White Paper yesterday & honestly struggled to understand it. That either means 1) it makes sense but is badly described 2) it makes sense, but only if you already understand the background theory 3) it doesn’t make sense. None of these three options is ideal.”https://about.bancor.network/